BEB Capital Acquires Mixed-Use Property In West Village For $31M
SOLD
$31,000,000
+ 3
New York
See Similar DealsMixed-use19,556 SF
Sold 03/30/2022
SOLD
BEB Capital Acquires Mixed-Use Property In West Village For $31M
35 Bedford Street, New York City, New York 10014, United States
See Similar DealsMixed-use19,556 SF
Sold 03/30/2022
+ 3
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,585
Total Square Footage:19,556 SF
Transaction Type:Sale
The mixed-use property located at 35 Bedford St. in the West Village has been sold for a total of $31,000,000. The property spans a total of 19,556 square feet, resulting in a price per square foot of $1,585. The sale took place on March 30, 2022 and involved the participation of several key individuals and companies.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $31,000,000
- Address: 35 Bedford St.
- Market: West Village
- Size: 19,556 square feet
- Price per Square Foot: $1,585
The buyers of the property were BEB Capital, represented by Lee Brodsky, Ben Fischer, and Keyvan Ghaytanchi. The transaction was facilitated by the brokers Bobby Carrozzo, Robert Burton, and Michael Gembecki from Cushman & Wakefield. Their expertise and representation played a crucial role in the successful completion of the deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,653,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$110,136.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$146,955.82
Annual Debt Service$1,763,469.79
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